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MRS.
DIPALI
JIGNESH
MANIYAR,
(ii)
MRS.
NASEEMA
thereof
mean
and
include
his
heirs,
executors,
III.
approached
the
Licensors,
through
its
license basis.
Pursuant to negotiations between the Licensors and the partners/
representatives of the Licensee, it was orally agreed that the
Licensee shall pay to the Licensors a sum of Rs. 4,00, 000/- (Rupees
Four Lacs Only), as and by way of INTEREST FREE REFUNDABLE
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and
gross
monthly
license
fees/
compensation
VI.
VII.
and forever).
In pursuance of the aforesaid oral understanding between the
parties, prior to execution of these presents, the Licensors have
allowed the Licensees to occupy the said Commercial Premises
handed over the quiet and peaceful possession of the said fully
furnished Commercial Premises to the Licensee on 01/08/2015 and
the said position continues to exist till the date hereof. Insofar as the
said agreed Monthly License Fees/ Compensation amounting to Rs.
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conditions
of
the
aforesaid
existing
leave
and
license
The Parties hereto hereby agree that the recital clause hereof shall
constitute legal and binding obligations between them, as if the
content thereof was reproduced in this Substantive Clause verbatim
2.
and in seriatim.
The Licensors hereby confirm having granted and in any event, doth
hereby grant in favor of Licensee and the Licensee hereby confirms
having accepted and in any event, doth hereby accept from the
Licensors, the license to use and occupy the said Commercial
Premises, being Gala Nos. 12, 13, 14 and 15 situate at 1 st Floor, 3A
Udyog Nagar, Garodia Industrial Estate, off S.V. Road, Goregaon
(West), Mumbai 400 062, admeasuring 3720 sq. ft. built up, for
purpose of conducting the business activities of the Licensee for a
period of 33 (Thirty Three) Months i.e. commencing from 1 stday of
August, 2015 and expiring on 30thday April, 2018 (both days
inclusive) (hereinafter referred to as the said License Period).
every part whereof, the Licensees and each of them doth hereby
release the Licensee now and forever), in the following manner:
(a) Cheque No. ________ dated ________ amounting to a sum of Rs.
2,00,000/- (Rupees Two Lacs Only) drawn on _________ Bank,
_______ branch in favor of Mrs. Dipali Jignesh Maniyar and Mrs.
Praveena Doshi
respectively);
(b) Cheque No. ________ dated ________ amounting to a sum of Rs.
2,00,000/- (Rupees Two Lacs Only) drawn on _________ Bank,
_______ branch in favor of Mrs. Naseema Shamsuddin Parkar and
Mrs. Shamsuddin Abdulla Parkar (being the second and forth
Licensors herein respectively).
It is agreed upon by and between the Parties hereto that the said
Security Deposit amount shall be liable to refunded by the
Licensors to the Licensee immediately upon the expiration of the
said License period or the sooner determination of these presents,
in accordance with the stipulations recited hereinafter, whichever
event occurs prior in point of time, after deducting therefrom any
arrears of monthly license fee/compensation agreed hereunder,
arrears of electricity charges, telephone charges and/or other
statutory outgoing(s) due and payable by the Licensees to the
concerned authorities in respect of the said Commercial Premises
as per law for any period falling under the duration/ subsistence of
these presents.
Provided that in the event, the Licensors fail to comply with the
requisitions contained in the preceding clause/paragraph, they shall
be liable to pay to the Licensee, as and by way of penalty, an
interest @ 24% p.a. on the amount of the saidSecurity Deposit due
and payable,for the entire period during which the default
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The Licensee shall pay to the Licensors a gross sum of Rs.1,10,000/(Rupees One Lac Ten Thousand only) (inclusive of all taxes) per
month subject to tax Deduction at Source as per Income Tax Act,
1960 and amendments thereto from time to time, as and by way of
monthly license fee/ compensation (hereinafter referred to as being
the said Monthly License Fee/Compensation), for the use and
occupation of the said Commercial Premises for conducting its
business activities, on leave and license basis, for the License Period
of 33 (Thirty Three) Months i.e. commencing from 1 st day of August,
2015 and expiring on 1st day April, 2018 (both days inclusive). It is
hereby clarified that the compensation shall be paid by the Licensee
to the Licensors on a monthly basis in the following proportion:
a) A cheque Rs. _________ issued by licensee in favour of
____________________
b) A cheque Rs. _________ issued by licensee in favour of
____________________
c) A cheque Rs. _________ issued by licensee in favour of
____________________
and forever).
In addition to the said Monthly License Fee/ Compensation hereby
reserved, the Licensee shall also punctually pay the electricity bills
levied by the competent authority in respect of the electricity
consumed by it whilst using and occupying the said Commercial
Premises and/or the water charges levied by the competent
authority in respect of the water consumed by it whilst using and
occupying the said Commercial Premises, without deducting and/or
claiming the deduction of any such amount or part thereof from the
said Monthly License Fee/Compensation or making any grievances
concerning the quantum of the electric bill or water bill etc., as the
7.
case maybe.
The Licensee
hereby
agrees
that
it
is
occupying
the
said
howsoever.
The Licensee confirms and undertakes that it is not entitled to claim
and will not claim protection under the Maharashtra Rent Control
Act, 1999 or any statutory modification or re-enactment thereof or
any law giving any protection to a tenant and that the parties herein
9.
10.
persons
and/or
cause
any
nuisance
in
the
neighbourhood.
The Licensee shall not create any charge or encumbrance or lien on
and/or in respect of and/or deal with and/or dispose of the said
Commercial
premises
or
any
part
thereof,
in
any
manner
12.
Commercial Premises.
The Licensee as per the provisions under Section 24 of the
Maharashtra Rent Control Act, 1999 hereby agrees and
undertakes to handover the peaceful, quiet, vacant and
physical possession and occupation of the said Commercial
Premises to the Licensors, after the expiry of the License
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14.
tear.
The Licensee
shall
be
entitled
to
make
alterations/repairs/
16.
17.
this fact.
The Licensors hereby agree and confirm that although, they are the
only owners of the said Commercial Premises along with the
furniture and fixtures lying therein, and neither they nor any of
them, have/has or shall have anything to do with the business
carried out by the Licensee therefrom and shall not be entitled to
make any claim in relation thereto. The Licensors further hereby
agree and confirm that these presents do not, in any manner
whatsoever, touch upon the business carried out and/or to be
carried out by the Licensee from the said Commercial Premises and
19.
20.
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21.
(b) Licensee:
24.
the
option
to
terminate
this
Leave
and
License
26.
of amounts so paid.
The Original Agreement shall remain in the safe custody of the
Licensor. The Licensees shall be entitled to retain only the
photocopy of this Agreement.
Provided that at no point in time, shall the Licensors be entitled to
raise any dispute in relation to genuineness or otherwise of the
photocopy of the present Agreement to be supplied by them to the
29.
30.
Licensee.
This agreement is valid in all courts of law all over India.
The Licensee hereby admits and acknowledges that it is the express
intention of the Parties hereto that the relationship of landlord and
tenant shall not be deemed to be created hereby or otherwise
between
them
under
any
circumstances
whatsoever.
This
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(i)
(ii)
(iii)
(iv)
WITNESSES:
1.
2.
SIGNED, SEALED AND DELIVERED by the
Within named LICENSEE
M/S. PAPRO INDUSTRIES LLP
Through its director
MR. __________________________
In the presence of
1. ____________________________________
2. ____________________________________
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RECEIPT
(ii)
(iii)
(iv)
WITNESSES:
1.
2.
)
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___________________________________________________
AGREEMENT OF LEAVE AND LICENSE
___________________________________________________
BETWEEN
(i)
(ii)
(iii)
(iv)
LICENSORS
AND
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